AMENDMENT NO. 1
ULTRA SERIES FUND MANAGEMENT AGREEMENT
Effective May 1, 1999, pursuant to adoption by the Board of Trustees on
March 9, 1999, the following amendments are made to the Ultra Series Fund
Management Agreement dated February 5, 1997.
1. Paragraph No. 1 of the Recitals section of the Management
Agreement is amended to read as follows:
"1. The fund is a series-type, open-end management investment
company registered under the Investment Company Act of 1940, as amended
(the 0000 Xxx) that currently consists of seven investment portfolios
(each, a Series) designated as capital appreciation stock, mid-cap
stock, growth and income stock, balanced, bond, money market, and
treasury 2000, each such Series having its own investment objective;"
2. Article 3 entitled Compensation of Manager is amended to add
the following annual rate to the current list of rates:
"Mid-Cap Stock 1.00%"
Ultra Series Fund
By: /s/ X. X. Xxxxxxxxx
Name: Xxxxxxxx X. Xxxxxxxxx
Title: Senior Vice President
ATTEST:
/s/ Xxxxx X. Xxxxxx
CIMCO Inc.
By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
President
ATTEST:
/s/ Xxxxx X. Xxxxxxxx